- Papaya secures funding for its innovative dining platform.
- The startup boosts restaurant sales and efficiency.
- It plans expansion to Singapore and technology enhancements.
Hungry for innovation
Bangkok-based fintech startup Papaya has successfully secured a new round of funding led by BEENEXT and A2D Ventures.
The company’s omni-channel ordering and payments platform is revolutionizing the dining experience for restaurants, bars, and hotels across Southeast Asia.
Founded in mid-2022 by industry veterans Kush Sodhia, Haakon Brekke, and Julian Timings, Papaya aims to address the lingering challenges faced by the hospitality sector post-COVID.
Papaya’s innovative platform is helping operators boost sales by an average of 20% and reduce staff workload by up to 30%.
The web-based, cloud-native solution works on existing hardware, eliminating the need for costly POS system upgrades.
Since its launch, the company has attracted notable clients including Tim Hortons, Bartels, and The Commons.
Expanding the menu
With this fresh injection of capital, Papaya plans to expand its operations to Singapore, enhance its technology infrastructure, and ramp up marketing efforts.
The startup’s unique approach to combining fintech, data analytics, and POS solutions at low costs has impressed investors, positioning Papaya to redefine dining experiences across Thailand and beyond.
